China’s central bank has approved foreign exchange purchases for commercial banks to fund increased gold import quotas, according to two sources familiar with the matter. This move comes alongside other stimulus measures, including interest rate cuts and liquidity injections, as China works to offset economic damage from the U.S. trade war. The increased gold imports could help meet growing demand for the precious metal while simultaneously slowing the yuan’s appreciation, which has been rising as investors move money out of U.S. assets. Gold recently reached an all-time high of $3,500 per ounce amid trade tensions, with China’s central bank also increasing its own gold reserves for the sixth consecutive month.

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How to Take Your RMD with Precious Metals
Turning 73? This guide explains how to take RMDs from your Gold IRA, including options for physical precious metals distributions, IRS requirements, tax strategies, and approaches to preserve your gold and silver holdings while staying compliant with IRS rules. Learn whether to take cash or in-kind distributions and navigate the entire RMD process step by step.




